LED forward lighting market to almost double by 2020

A market report by McKinsey & Company predicts a sharp increase in LED (Light Emitting Diode) lighting adoption in the automotive category by the end of the decade. And while in the very near term the industry will experience an increase in daytime running lights and headlamp usage, unique LED light guides and multiple light source lamps, McKinsey predicts that the technology will continue to change and advance, and in the future will include technology such as smart headlamps that sense the driving environ
July 12, 2012 Read time: 2 mins
A market report by McKinsey & Company predicts a sharp increase in LED (Light Emitting Diode) lighting adoption in the automotive category by the end of the decade. And while in the very near term the industry will experience an increase in daytime running lights and headlamp usage, unique LED light guides and multiple light source lamps, McKinsey predicts that the technology will continue to change and advance, and in the future will include technology such as smart headlamps that sense the driving environment and adjust illumination accordingly.

“In 2011, LEDs claimed a 12 per cent share, contributing to the overall category's revenue of US$18.1 billion. Researchers expect to see a spike of 22 percentage points by 2020, increasing the LED share to 34 per cent of the overall automotive lighting market. This forecast is based on the anticipated growth in the adoption of LED headlights and daytime running light systems by automakers during the next eight years,” said David Hulick, 1786 Osram marketing director, Specialty Solid State Lighting. "Until recently, LEDs were most common in centre high mounted stop lamps and taillights, with headlights having been a novelty feature in very high-end vehicles," said Hulick. "Now the industry is seeing growth in daytime running lights and headlight applications."

For more information on companies in this article

Related Content

  • LED lighting industry firsts
    February 6, 2012
    Canada-headquartered Carmanah is claiming two industry-first advancements in off-grid solar LED lighting technology with adaptive lighting technology in the form of patent-pending advanced occupancy sensing capabilities. The company has also introduced its highest output self-contained light to-date, the EverGEN 1720.
    Read More
  • Global ANPR detection equipment market to reach nearly US$1 billion in 2020
    February 6, 2017
    The latest report from IHS Markit aims to identify current market trends and key opportunities across various product types, end-user verticals and geographic regions that comprise the market for automated number plate recognition (ANPR) and detection sensors. The report, ANPR and Detection Sensors Report – 2017, provides an updated analysis on the competitive environment, along with detailed revenue, unit shipment, and average selling price analyses for three ANPR product types and five detection senso
    Read More
  • Lidar: beginning to see the light
    March 14, 2022
    Lidar feels like a technology whose time has come – but why now? Adam Hill talks to manufacturers, vendors and system integrators in the sector to assess the state of play and to find out what comes next
    Read More
  • Solid growth and improved profitability for IRD in 2013
    February 28, 2014
    International Road Dynamics (IRD) has announced solid growth for the three months and year ended 30 November 2013, with revenue up 14.7 per cent in the fourth quarter and 5.0 per cent for the year. The company says increasing service revenue contributed to improved profitability and stability of cash flows, while its China XPCT investment contributed strong earnings in the fourth quarter and the year. Revenue in the fourth quarter of fiscal 2013 rose 14.7 per cent to US$12.6 million compared to US$11.0 m
    Read More

Highlighted Content